Coach the American premium fashion brand, have approached Britain’s largest luxury fashion house Burberry, on numerous occasions over the last few months. It has been reported; that Coach has offered Burberry a takeover deal, the figure on the table has not been disclosed.
A combination of the Burberry and Coach would have resulted in a company that could have a market value of more than $20bn (£15.78bn).
Burberry has closed down the talks, but if the deal had gone through, the portfolio of products would have been vast. It would have included, Burberry's ready-to-wear outerwear, fashion accessories, fragrances, sunglasses, and cosmetics and Coach's products such as leather goods, handbags and shoes.
One of the sources cited by the Financial Times said that the talks could have been more successful if Coach had made the offer earlier in the year.
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Tags: Burberry, Coach, Womenswear, Luxury Fashion, Ready-to-Wear, Financial Times